. ; ! 12 References Entrance to Bishop Strachan School a private school affiliated with the Anglican Church of Canada Bishop Strachan School. . . Toronto Ontario Canada Business directory, 81 2617, In 2001 Toronto finished second to Beijing in voting by the International Olympic Committee for the host city of the 2008 Summer Olympics Toronto's bid to host the games failed after mayor Mel Lastman while on a visit to Kenya in order to gain support from African Olympic delegates shocked and insulted his hosts when he said "Why the hell would I want to go to a place like Mombasa? I just see myself in a pot of boiling water with all these natives dancing around me."!
! ! Four Seasons does not own any of its properties; it operates them on behalf of real estate owners and developers the contracts between Four Seasons and property owners typically permit the company to participate in the design of the property and run it with nearly total control over every aspect of the operation Four Seasons generally earns three percent of the gross income and about five percent of profits from the properties it operates and the property owners are required to additionally contribute money for chain-wide sales marketing and reservations systems Four Seasons hotels have larger staffs than competing chains and the company maintains separate reserve accounts for each hotel to cover upkeep costs Profit margins are relatively low but the brand attracts developers through the hotels' reputation as solid assets for loan collateral or resale. Four Seasons also produces a complimentary magazine for guests that is supported by advertising revenue Four Seasons has a fractional ownership division Four Seasons Residence Clubs Residential rentals. .
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